SHOP.CA Puts $31M in the Bag

May 05, 2014

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Online shopping platform SHOP.CA has raised a Series B round of $31 million from existing investors including Torstar Corporation, Slaight Communications and Difference Capital, and new investor Shaw Ventures. The company will use the capital to build out its technology, add to its merchant network, enrich customer loyalty initiatives and execute on partnership opportunities. SHOP.CA, which sells over 3 million products and thousands of brands, previously received Series A funding in 2012.